Aquinas College
- Assets
- $18.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Nashville, TN
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 62-0812782
Organization Overview
Aquinas College is located in Nashville, TN. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Aquinas College employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aquinas College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Aquinas College generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUINAS COLLEGE IS A TENNESSEE NONPROFIT CORPORATION CHARTERED JUNE 24, 1970. IT OPERATES A PRIVATE CATHOLIC INSTITUTION OF HIGHER EDUCATION.
DONATED SERVICES OF THE MEMBERS OF THE DOMINICAN CONGREGATION (RELIGIOUS ORDER) VALUE AT 260,513.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Stephen Bachus Board Member | Trustee | 1 | $0 |
Mr Clark Baker Board Member | Trustee | 1 | $0 |
Mr Mark Cordova Board Member | Trustee | 1 | $0 |
Dr Rebecca Hammel Board Member | Trustee | 1 | $0 |
Mr Richard Johnson Board Member | Trustee | 1 | $0 |
Sister Maria Frassati Kieckhefer Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bl Harbert International Llc Construction | 6/29/17 | $6,351,356 |
Trane Install | 6/29/17 | $182,822 |
Schiller Architectural Hardware And Door Systems Inc Install | 6/29/17 | $173,873 |
Southwest Contract Furn. Install | 6/29/17 | $257,231 |
Artisan Builders Construction | 6/29/17 | $146,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $877,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $877,415 |
| Total Program Service Revenue | $1,183,303 |
| Investment income | $135,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,920 |
| Net Gain/Loss on Asset Sales | -$11,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,283,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,545 |
| Pension plan accruals and contributions | $5,876 |
| Other employee benefits | $46,630 |
| Payroll taxes | $28,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,225 |
| Fees for services: Accounting | $26,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,226 |
| Advertising and promotion | $4,506 |
| Office expenses | $17,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $334,293 |
| Travel | $6,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,479 |
| Insurance | $12,032 |
| All other expenses | $17,096 |
| Total functional expenses | $2,152,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,300,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,853 |
| Net Land, buildings, and equipment | $11,477,802 |
| Investments—publicly traded securities | $5,062,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,642 |
| Total assets | $18,929,697 |
| Accounts payable and accrued expenses | $66,667 |
| Grants payable | $0 |
| Deferred revenue | $74,275 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $140,942 |
| Net assets without donor restrictions | $13,043,760 |
| Net assets with donor restrictions | $5,744,995 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,929,697 |